Teck to sell 17 percent stake to China for C$1.74 billion (Reuters)

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July 3rd, 2009, 05:03 PM

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Teck to sell 17 percent stake to China for C$1.74 billion (Reuters)

Reuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.

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